Global Smart Connected Diapers Market to Grow on Account of Increasing Geriatric and Newborn Population; Market to Grow with a CAGR of 14.0% During 2021-2030

 

Kenneth Research has released a report titled “Smart Connected Diapers Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

In the year 2020, the population aged 65 and above as a share of total population, according to the statistics by the World Bank, touched 9.321%. This was an increase from 7.567% in the year 2010. Additionally, in one of the statistics by the Central Intelligence Agency (CIA), the birth rate in South Africa, Afghanistan, Pakistan, India, and the United States registered to 18.89, 36.08, 26.95, 17.88, and 12.33 births/1000 population respectively in the year 2021.

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The statistics portray the growing geriatric and newborn population worldwide, which is one of the major factors anticipated to drive the demand for diapers, and in turn, contribute to the growth of the global smart diapers market. Besides this, the growing prevalence of urinary incontinence amongst individuals, along with the rising number of internet users and their preference for smart products, are also expected to create numerous growth opportunities in the coming years. Additionally, the rising expenditure on research and developments and the increasing advancements in the development of modern diapers, are also predicted to drive the growth of the market in the years to come.

The global smart connected diapers market is anticipated to grow with a CAGR of 14.0% during the forecast period, i.e., 2021-2030. The market is estimated to garner a revenue of USD 2848.0 Million by the end of 2030. Additionally, the market generated a revenue of USD 780.8 Million in the year 2020. The market is segmented by size into small, medium, large, and extra large. The small segment, amongst all the other segments, is expected to garner the largest revenue of USD 1035.3 Million by the end of 2030, up from a revenue of USD 265.1 Million in the year 2020.

By region, the global smart connected diapers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in the Asia Pacific is expected to garner the largest revenue of USD 885.7 Million by the end of 2030, up from a revenue of USD 190.5 Million in the year 2020.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

However, the low awareness about the product in developing countries, along with the high price of the product are some of the major factors predicted to hinder the market growth in the coming years.

This report also provides the existing competitive scenario of some of the key players of the global smart connected diapers market, which includes company profiling of Procter & Gamble, Verily Life Sciences LLC (Alphabet Inc.), Anavah Health, Smardii Inc., ABENA A/S, CviCloud Corporation, SINOPULSAR, MONIT Corp., KIMBERLY-CLARK CORPORATION, Ontex BV, Simavita Limited, and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Smart Connected Diapers Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global smart connected diapers industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global smart connected diapers market in the near future.

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